Hennessy Advisors (NASDAQ:HNNA) Announces Quarterly Earnings Results

Hennessy Advisors (NASDAQ:HNNA) issued its earnings results on Thursday. The asset manager reported $0.36 earnings per share (EPS) for the quarter, Zacks reports. Hennessy Advisors had a net margin of 26.64% and a return on equity of 7.92%.

Hennessy Advisors Stock Up 1.9 %

Hennessy Advisors stock opened at $12.40 on Friday. Hennessy Advisors has a 1-year low of $6.51 and a 1-year high of $13.88. The firm has a market capitalization of $96.47 million, a price-to-earnings ratio of 13.48 and a beta of 0.77. The firm’s fifty day moving average price is $12.27 and its two-hundred day moving average price is $10.78. The company has a current ratio of 13.78, a quick ratio of 13.78 and a debt-to-equity ratio of 0.43.

Hennessy Advisors Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, February 24th will be paid a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a yield of 4.44%. The ex-dividend date is Monday, February 24th. Hennessy Advisors’s dividend payout ratio is presently 59.78%.

Insider Buying and Selling at Hennessy Advisors

In other Hennessy Advisors news, VP Daniel B. Steadman sold 3,200 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $12.19, for a total value of $39,008.00. Following the transaction, the vice president now directly owns 47,242 shares of the company’s stock, valued at approximately $575,879.98. This trade represents a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas L. Seavey sold 11,074 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $11.44, for a total transaction of $126,686.56. Following the completion of the transaction, the director now directly owns 70,429 shares in the company, valued at $805,707.76. This trade represents a 13.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,083 shares of company stock valued at $367,315. Corporate insiders own 37.40% of the company’s stock.

About Hennessy Advisors

Hennessy Advisors, Inc is an employee owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies.